投资银行在企业并购中的作用——基购于中钢并购Midwest案例分析

The function of the investment bank in the Mergers and acquisitions of enterprises-Based on the Study of the purchase of Midwest Steel Case

在企业并购,特别是跨国并购风行一时的今天,在美国投行纷纷破产或转型的今天,重提投行在并购中的作用仍有有着其不可忽略的重要性。文章首先分析了企业并购的动因,接着以号称"教科书式的经典案例——中钢并购Midwest"为载体详细介绍了投行在其间的作用,并试图借此窥探中国投行与国际水平的差距。

In mergers and acquisitions, especially cross-border M＆A is fashion and one after another investment bank in the United ＂States bankruptcy or restructuring today, bring up the investment bank＇s importance to M ＆ A again is still can not be ignored. This article first analyzes the motives of M ＆ A, and then followed by a socalled ＂classic textbook case - mergers and acquisitions in the China steel and Midwest ＂ as the carrier to introduce the role of bank in details and it aslo tried to spy the gap between Chinese investment bank and the international standards .